Tue.Jan 30, 2024

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Preparers mixed on IRS improvements

Accounting Today

With the agency touting improved service and response times, tax practitioners are acknowledging the gains, but still see room for more.

Tax 323
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Tips and tricks for property investment accounting

Xero

Australia’s current property market presents both challenges and opportunities, with changing tenancy rules and rental controls, and the impact of interest rates and cost of living pressures. It’s a complex outlook, but property investment is a marathon swim, not a quick body surf to shore. Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment.

XERO 226
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A pre-season risk checkup can save post-season regret

Accounting Today

Accountants and tax pros need to take steps to protect themselves as they start the countdown to April 15.

Tax 317
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Xero formalises commitment to military veterans by signing Armed Forces Covenant

Xero

I’m proud to announce that Xero has signed the Armed Forces Covenant , formalising its commitment to supporting military veterans and their families in the workforce. The Armed Forces Covenant is a promise by the nation ensuring that those who serve or have served in the UK Armed Forces, and their families, are treated fairly. Xero’s Veterans Employee Resource Group (ERG) marked the signing by hosting an event in our London office this week.

XERO 226
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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42% of finance leaders don't trust their own data

Accounting Today

A recent survey has found that, despite an increasingly data-driven business world, 42% of finance leaders don't completely trust data from their own organizations.

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A new tool to make taxes more transparent

Intuit

It’s no secret that the federal tax code is long, complex, and difficult to understand. In fact, many Americans don’t have a clear understanding of how the tax code works or what federal programs and initiatives their tax dollars support. Understandably, this lack of transparency can be a massive source of frustration every tax season. More than 80 percent of Americans say that the complexity of the federal tax system bothers them.

Tax 130

More Trending

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Acumatica Will Return to Las Vegas for 2025

Insightful Accountant

During the 2nd-day of their 2024 Summit, Acumatica announced the event’s date and location for 2025. They also premiere new features and functionalities that will be implemented with their 2024R1 and R2 updates.

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NY sues FDIC over $44M in unpaid Signature Bank taxes

Accounting Today

The city's department of finance audited Signature after the bank shuttered in March and found tax deficiencies for years 2015 through 2021 related to unreported income allocation and adjustments to investment and capital income.

Tax 211
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Acumatica Will Return to Las Vegas for 2025

Insightful Accountant

During the 2nd-day of their 2024 Summit, Acumatica announced the event’s date and location for 2025. They also premiere new features and functionalities that will be implemented with their 2024R1 and R2 updates.

98
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PCAOB spotlights broker-dealer audit problems

Accounting Today

The Public Company Accounting Oversight Board staff report offered insights into the PCAOB's inspection program for auditors of broker-dealers and issues with professional skepticism and low-ball fees.

Auditing 189
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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How Dext Prepare Builds Streamlined Accounting for the Construction Industry

Dext

About Northwest Construction Cooperative Northwest Construction Cooperative is a construction business based in Olympia – Washington, specialized in residential remodeling and new custom homes.

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Ex-Freshfields partner convicted over tax scandal

Accounting Today

An ex-Freshfields Bruckhaus Deringer partner who helped top investment banks navigate the Cum-Ex trading strategy behind Europe's biggest tax scandal was sentenced to three and a half years in prison.

Tax 189
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Common Cash Receipt Challenges

oAppsNet

Various challenges can arise in world financial management, threatening the stability and accuracy of cash receipt processes. This comprehensive exploration delves into the typical cash receipt challenges businesses face, unraveling strategies to navigate turbulent financial waters and emerge with financial clarity. 1. Manual Data Entry Errors: The Quagmire of Human Oversight One of the perennial challenges in cash receipts management is the propensity for manual data entry errors.

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KPMG UK partners lowest paid of Big Four at £746K

Accounting Today

The firm delivered a 4% rise to its 833 U.K. partners, similar to last year's levels, but they remain at the bottom of the pay table.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Six Benefits of Outsourcing Accounting For CPA Firms

Outsourced Bookeeping

Certified Public Accountant (CPA) firms face numerous challenges, ranging from technological advancements to the complexities of globalization and regulatory changes. Striking a balance between business growth and managing accounting tasks is a daunting task for many CPA firms. To overcome this challenge, an increasing number of CPA firms are turning to outsourcing as a strategic solution.

CPA 52
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Andersen expands valuation practice in Latin America

Accounting Today

The international network has signed up five collaborating firms in Argentina, Chile, Colombia and Mexico.

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Expense Reimbursement

Tipalti

Having a streamlined and efficient expense reimbursement process is critical for any business looking to maximize profits and not leave money on the table.

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How does entity choice affect QBI deductions?

Accounting Today

With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.

Tax 157
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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Listener Mail: Finding Balance with Tech & CPA Pipeline Problem

Cloud Accounting Podcast

This week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root causes behind accounting's heavy workloads and offer perspectives on how licensing rules and firm profitability shape experiences.

CPA 49
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Practice profile: A passion practice

Accounting Today

Joshua Beal's DeafTax thrives by serving the hearing-impaired community — as clients and employees

Tax 189
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Annual Trends Survey from Center Reveals Corporate Card Usage is Outpacing Software Adoption, Highlighting Need for Integrated Expense Management Solutions

Insightful Accountant

60% of SME Respondents Would Consider New Solutions, Citing Simplicity, Improved User Experience and Lower Cost as Drivers of Change

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Understaffed? Under-budgeted? Your tax department can still thrive

Accounting Today

These five management tips can lead dwindling teams to meet compliance requirements — and turn tax departments into value-add parts of an organization.

Budgeting 145
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Understanding GCP Storage Pricing

finout

?Explore GCP storage pricing and optimization strategies in our guide for effective cost management.

FinOps 52
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In the blogs: To put it simply

Accounting Today

Incentives and resistance; inspiring staff ambition; the keys to change; and other highlights from our favorite tax bloggers.

Tax 150
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Currency swap definition

Accounting Tools

What is a Currency Swap? A currency swap is a spot transaction on the over-the-counter market that is executed at the same time as a forward transaction, with currencies being exchanged at both the spot date and the forward date. One currency is bought at the spot rate and date, while the transaction is reversed at the forward date and rate. Thus, once the swap expires, both parties return to their original positions.

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Federal tax relief for Rhode Island storm victims

Accounting Today

The IRS is pushing back payment and filing deadlines.

Tax 189
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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Certified public accountant (CPA) definition

Accounting Tools

What is a Certified Public Accountant? A certified public accountant is an accountant who has passed all parts of the CPA examination, as administered by the American Institute of Certified Public Accountants , and who has completed all additional work and educational requirements of their local state accounting regulatory agency. A CPA is authorized to render an opinion on the fairness of a client's financial statements.

CPA 40
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2024 Best Firms to Work For applications being accepted

Accounting Today

The window for participating in Accounting Today and Best Companies Group's annual ranking is currently open.

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Employer payroll taxes definition

Accounting Tools

What are Employer Payroll Taxes? Employer payroll taxes include taxes primarily related to employee benefits and unemployment funds. The liability and withholding obligations for these taxes are as follows: The total amount of payroll taxes collected by the employer from employees , as well as those recorded as an expense by the employer. The employer is responsible for remitting both types of payroll taxes to the applicable governments.

Payroll 40
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Spend Control

Tipalti

When it comes to managing company expenses, it may be tempting to over optimize the way your company spends money. But doing so can actually cut into your revenue by making it more difficult for your teams to do their jobs and maintain daily operations.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.